Thursday, January 18, 2018 10:15 PM ET
LGI Homes (LGIH) Insider Makes Significant Share Sale
A SEC filing today revealed a significant insider sale of LGI Homes shares as — Eric Thomas Lipar, 10% Owner, Director and Officer — sold 25,000 shares in the company having a market value of approximately $1,800,729. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 68,101 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 93,101 shares and have averaged 23,275 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at LGI Homes is above its 15-company peer group average. The Homebuilding peer group saw 19 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by LGI Homes insiders is lower than its peers. Within the peer group there were 0 shares purchased and 795,791 shares sold with company insiders having sold 41,884 shares on average over this time period.
The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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